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MARSHALL PLACE • CLEVELAND, OHIO

The Numbers

Purchase Price: $16,300,000
Capital Improvements: $2,500,000
NOI: $1,600,000
Cap Rate: 8.1%
Stabilized Value: $27,000,000
Equity: $6,900,000
Refinance Proceeds: $600,000
Cash Flow: $410,000

294-unit Apartment Complex, acquired in May, 2022